Type Privately held Key people Andrew A. Stern, CEO Number of employees 3,000 Parent organization SunGard | Industry Information Technology Website www.sungardas.com Founded 1978 | |
Products Disaster Recovery, Enterprise Cloud Services, Managed Services, Consulting Services, Business Continuity Software Owner Bain Capital LLC, Blackstone Group LP, Goldman Sachs Capital Partners LP, KKR & Co LP, Providence Equity Partners Inc., Silver Lake, and TPG Capital LP Headquarters Wayne, Pennsylvania, United States | ||
Sungard availability services disaster recovery as a service raas explained
Sungard Availability Services is a provider of IT production and recovery services with annual revenues of approximately $1.4 billion and offices in 9 countries. The company uses its experience in recovery to design, build and run production environments that are more resilient and available.
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With 3,000 IT and business professionals, the company manages 20 mobile facilities staged in strategic locations and 90 hardened IT facilities connected by a redundant, global dedicated network backbone. Sungard Availability Services split off from SunGard Data Systems Inc. on April 1, 2014, to become an independent company.
History
SunGard Data Systems (SDS) is formed in 1983 through the leveraged buy-out of a division of Sun Oil Company. In 1986, the SunGard Data Systems went public through an IPO and was listed on the NASDAQ as SNDT. In 1997 their listing shifted to the NYSE as SDS.
In 2001, SunGard acquired Comdisco’s business continuity services extending the company’s reach to Europe. Additional acquisitions of Guardian IT (2002) and Inflow (2005), further extended the company’s reach.
In 2005, SDS is purchased in transaction valued at $11.3 billion, by a team led by SilverLake. Additional SDS acquisitions followed, including their 2007 purchase of Vericenter to provide managed hosting and production availability and a 2010 acquisition of 365 Hosting Limited, an Ireland-based hosted infrastructure provider of Managed Services and Cloud offerings.
In 2014, Sungard Availability Services became an independent operating firm after its split from SDS.